St. Joe (NYSE:JOE) Stock Passes Above 200-Day Moving Average – Time to Sell?

St. Joe Company (The) (NYSE:JOE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $60.10 and traded as high as $61.95. St. Joe shares last traded at $60.3420, with a volume of 231,191 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JOE. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, St. Joe currently has a consensus rating of “Buy”.

St. Joe Trading Down 2.1%

The stock has a 50 day moving average of $67.96 and a 200 day moving average of $60.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market cap of $3.47 billion, a P/E ratio of 30.17 and a beta of 1.30.

St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The firm had revenue of $128.89 million during the quarter.

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 9th were given a $0.16 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. St. Joe’s payout ratio is presently 32.00%.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total transaction of $1,523,842.00. Following the transaction, the insider directly owned 16,073,624 shares in the company, valued at $1,160,837,125.28. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 179,100 shares of company stock valued at $12,244,315 over the last ninety days. 0.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On St. Joe

A number of hedge funds have recently made changes to their positions in the business. Camelot Portfolios LLC bought a new position in shares of St. Joe during the fourth quarter valued at about $30,000. Financial Consulate Inc. purchased a new stake in St. Joe during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 397 shares during the period. Kestra Advisory Services LLC bought a new position in St. Joe during the 4th quarter worth approximately $32,000. Finally, Quarry LP bought a new position in St. Joe during the 3rd quarter worth approximately $39,000. 86.67% of the stock is currently owned by institutional investors.

About St. Joe

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.